candlestick charting explained phần 2 pps

... can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occa- sional reference to patterns that use even more candlesticks, ... when considered alone (Figure 3 -21 ). The Shooting Star pattern reduces to a long white candle line, which almost always is considered a bullish line (Figure 3 -22 ). Both of these patterns a...

Ngày tải lên: 10/08/2014, 07:20

... example of the value of the candlestick method of charting. If you were using close only or standard bar charts, the deterioration of the trend would not quite yet be apparent. Candlesticks, however, ... is required. Figure 3- 92 Figure 3-93 sdl Commentary The Three Inside Up and Three Inside Down patterns are confirmations for the Harami pattern. As shown in Figures 3- 92 and 3-93, the...

Ngày tải lên: 02/07/2014, 12:20

... recognition. Candlestick charting was not actually devel- oped by Honma, only the pattern philosophy that goes with it. His ap- proach has been credited as the origin of current candlestick analysis. Since ... appears be- tween two candlesticks of the same color (Figures 4 -29 and 4-30). This color should reflect the trend of the market. The third day opens within the body of the second...

Ngày tải lên: 10/08/2014, 07:20

... concept. CandlePower Charting CandlePower Charting is another visually appealing charting technique that combines the power of Japanese candlesticks and volume. Typical charting (whether bar or candlestick) ... higher average gain per trade. Filtering works! Candlestick charting has produced a number of derivative charting and analysis methods. The appeal of candlestick chart...

Ngày tải lên: 02/07/2014, 12:20

... is blank. And, of course, there is 1 929 , when the Industrials peaked on Septem- ber 3 at 381.17 and hit bottom, three pages later, in July of 19 32 at 41 .22 . The book means a lot to me. Between ... 1 Candlestick Charts Japanese candlestick charts do not require anything new or different as far as data are concerned. Open, high, low, and close are all that is needed to do candlestick...

Ngày tải lên: 10/08/2014, 07:20

... derivative of the Three White Soldiers pattern. The first two long white candlesticks make a new high and are followed by a small white candlestick or a star. This pattern is also called a Stalled pattern ... days occur. ^ 2. Each day closes at a new low. 3. Each day opens within the body of the previous day. 4. Each day closes at or near its lows. Chapter 3 Reversal candle Patterns 2. Th...

Ngày tải lên: 10/08/2014, 07:20

... Breakdown The bullish Mat Hold pattern reduces to a long white candlestick, which fully supports its bullish continuation (Figure 4 -22 ). Figure 4 -22 Related Patterns Rising Three Methods is a more rigid ... Downside Tasuki Gap (Figure 4 -2) . Rules of Recognition 1. A trend is under way, with a gap between two candlesticks of the same color. 2. The color of the first two candlesticks r...

Ngày tải lên: 10/08/2014, 07:20

... pattern ranking system for a prediction interval of three days, using over 82, 000 days of data. Notice that 55 of the 62 possible patterns occurred in the 100 stocks used in this test, but that ... and low were reached, and in what order, are not known. How does one determine the existence of a candlestick pattern? The Philosophy Behind candle Pattern Identification Most candle patterns r...

Ngày tải lên: 10/08/2014, 07:20

... database started at the beginning of 1989 and ended on March 31, 19 92. The Dow Industrials database began on April 24 , 1990, and ended on March 31, 19 92. Candlestick Filtering Filtering Examples From Table 8-1 ... calculations which are 20 % above and below the value set for the indicator. In this example, the indicator value is set at 18, so the two rate of change calculations are 14...

Ngày tải lên: 10/08/2014, 07:20

... causes concern to the bears and a potential bottom has been made. Candlestick charting shows this action quite well, where standard bar charting would hardly discern it. Pattern Flexibility The white ... can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occa- sional reference to patterns that use even more...

Ngày tải lên: 10/08/2014, 07:20